Re­sume in the

Weekend Argus (Saturday Edition) - - PROPERTY -

av­er­age na­tional house price in­fla­tion comes from (which we out­line in our pre­vi­ous prop­erty barom­e­ter re­port on July 4). Im­por­tant is that house prices are not merely de­ter­mined by ac­tiv­ity lev­els but by the level of sup­ply ver­sus the level of de­mand. Fur­ther­more, how­ever, the sec­ond quar­ter rise in house price growth has

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